ATLANTIC CITY v. DIR., DIV. OF TAXATION


24 N.J. Tax 1 (2008)

CITY OF ATLANTIC CITY, Plaintiff, v. DIRECTOR, DIVISION OF TAXATION, Defendant. CITY OF ATLANTIC CITY, Plaintiff, v. ATLANTIC COUNTY BOARD OF TAXATION, Defendant.

Tax Court of New Jersey.

Published April 8, 2008.


Attorney(s) appearing for the Case

Daniel J. Gallagher, for plaintiff (Miller & Gallagher, attorneys).

Nicole T. Minutoli, for defendant (Anne Milgram, Attorney General of New Jersey, attorney).


SMALL, P.J.T.C.

Each year three ratios establishing the relationship between fair market value and assessed value for tax purposes are promulgated for each of New Jersey's 566 municipalities. The first, the school aid ratio, is promulgated on October 1 of the pretax year by the Director of the New Jersey Division of Taxation (the "Director"). N.J.S.A. 54:1-35.1. The second ratio, the chapter 123 ratio, is based on...

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